Federal Student Loans Under the CARES Act

By: Robert J. Nahoum WHAT IS THE CARES ACT? On Friday, March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (“CARESâ€) Act became law.  The Act is a grab-bag of federal spending aimed at putting money in the pockets of businesses and people to stem the tide of the Corona Economy.  Among the beneficiaries of the act are student […]

What is the Federal Government Doing for Federal Student Loan Borrowers in Response to the Corona Economy?

An estimated 92% of all student loans are, in one form or another, owed to the federal government. As part of its response to the Corona Economy, the federal government has acted to protect, for the time being, student loan borrowers.  Here is what the Government is Doing: SUSPENSION OF INTEREST Interest has been waived for a 60-day period. The […]

Debt Collection Law-Firm Pressler, Felt & Warshaw, LLP Filed 13,086 NY Debt Collection Cases In 2019

By: Robert J. Nahoum According to the New York State Unified Court System, debt collection law firm Pressler, Felt & Warshaw, LLP (formerly known as Pressler and Pressler, LLP) filed 13,086  New York debt collection lawsuits in 2019. Drilling down on the numbers: 1,507 cases in the Bronx 2,151 case in Brooklyn 1,205 cases in Nassau County 2,428 cases in […]

Debt Collection Law-Firm Selip & Stylianou Filed a Whopping 23,776 NY Debt Collection Cases In 2019

By: Robert J. Nahoum According to the New York State Unified Court System, the prolific debt collection law-firm Selip & Stylianou, LLP (formerly known as Cohen & Slamowitz) filed a staggering 23,776 New York debt collection lawsuits in 2019 which is slightly down from the 28,939 it filed in 2018.  Drilling down on the numbers: Nearly 3,000 in the Bronx […]

Debt Buyer Unifund CCR, LLC Filed Over 2,000 NY Debt Collection Cases In 2019

By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer†Unifund CCR, LLC filed a 2,222 New York debt collection cases in 2019.  Unifund is regularly represented by New York debt collection law-firm mills Mullooly, Jeffrey, Rooney & Flynn, LLP and Kirschenbaum & Phillips PC. In a debt collection lawsuit, Unifund must prove that […]

Debt Buyer Portfolio Recovery Associates, LLC Filed 5,696 New York Debt Collection Cases In 2019

By: Robert J. Nahoum “Junk debt buyer†Portfolio Recovery Associates, LLC (PRA) buys up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar and then sues to recover the full balance. According to the New York State Unified Court System, PRA filed 5,696 New York debt collection […]

Consumer Debt Buyer LVNV Funding LLC Filed 7,521 New York Debt Collection Cases In 2019

By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer†LVNV Funding filed 7,521 New York debt collection lawsuits in 2019 including 2,451 cased in the Bronx, 1,022 cases in Nassau County, 1,346 cases in Manhattan and 2,338 cases in Queens.  In 2017, Resurgent Capital Services LP, parent company of junk debt buyer LVNV […]

Sued By Galaxy International Purchasing LLC In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: Three scenarios might have led you this article: You have just been notified by your bank that your account has been frozen because there is a debt collection judgment against you by some company called Galaxy International Purchasing LLC.  You’ve received a notice from your County Sheriff or a New York City Marshall that […]